Arsenal were linked with a big-money move for the Uruguayan last summer.
The Gunners were heavily linked with a big-money move for the Uruguayan hitman last summer but a move failed to materialise.
But Arsenal have the same striking problems as they did last summer, with Danny Welbeck ruled out until 2017 with a knee injury, while Olivier Giroud netted just 16 Premier League goals last season - three of which came on the final day of the campaign.
Consequently, it is not beyond the realms of possibility for Arsenal boss Arsene Wenger to renew his interest in the 29-year-old - who has also been linked with Chelsea and Manchester City (Mirror) - but Godin, his international team-mate, says he'd love a switch to the Vicente Calderon.
"Yes, several times. He loves the club, he loves Atletico Madrid," Godin said to Cope, quoted by Soccerway, when asked if he had spoken to the striker about joining Atletico.
"He loves the way we play because it's very similar to how we play with the national team and how we understand football in Uruguay."
Cavani, whose contract expires in 2018, netted 19 Ligue 1 goals for the French champions this past season, meaning he has netted 53 league goals in all following a move from Napoli in 2013.